In the circular flow model, explain the real flow and/or the money flow in which each item
Question:
In the circular flow model, explain the real flow and/or the money flow in which each item below belongs. Illustrate your answers on a circular flow diagram.
- You buy a coffee at Starbucks.
- The government buys some Dell computers.
- A student works at a FedEx office.
- Donald Trump rents a Manhattan building to a hotel.
- You pay your income tax.
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You buy a coffee at Starbucks In Figure 21 the dark arrows represent money flows and the grey arrows ...View the full answer
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